Xpeng (XPNGF) Research & Development (2019 - 2026)
Xpeng (XPNGF) reported Research & Development of -$421.4 million for Q1 2026, down 54.4% year-over-year from -$924.1 million in Q1 2025, and down 3.99% quarter-over-quarter from -$405.2 million in Q4 2025.
Xpeng (XPNGF) Research & Development (2019 - 2026) Analysis & Trends
Xpeng (XPNGF) has 8 years of Research & Development data on file, last reported at -$421.4 million in Q1 2026.
- Research & Development for Q1 2026 came in at -$421.4 million, down 54.4% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.5 billion (down 49.55% YoY), and the FY2025 annual result was -$1.4 billion, down 53.41% from the prior year.
- Research & Development eased to -$421.4 million in Q1 2026 per XPNGF's latest filing, from -$405.2 million in the prior quarter.
- Over five years, Research & Development peaked at -$172.9 million in Q4 2022 and troughed at -$421.4 million in Q1 2026.
- A 5-year average of -$244.4 million and a median of -$201.8 million in 2024 frame the typical range for Research & Development.
- On a YoY basis, Research & Development climbed as much as 23.81% in 2022 and fell as far as 135.88% in 2022.
- A 5-year view of Research & Development shows it stood at -$172.9 million in 2022, then decreased by 6.5% to -$184.2 million in 2023, then sank by 51.65% to -$279.3 million in 2024, then plunged by 45.08% to -$405.2 million in 2025, then slipped by 3.99% to -$421.4 million in 2026.
- Business Quant data shows XPNGF's Research & Development at -$421.4 million in Q1 2026, -$405.2 million in Q4 2025, and -$341.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,264.49 Bn | 1,219.81 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Toyota Motor | 448.54 Bn | 321.13 Bn | 9.14 Bn | - |
| 3 | General Motors | 74.80 Bn | 52.42 Bn | 4.32 Bn | - |
| 4 | Ferrari | 71.95 Bn | 70.15 Bn | 1.09 Bn | 278.21 Mn |
| 5 | Ford Motor | 59.47 Bn | 29.01 Bn | 7.94 Bn | - |
| 6 | Rivian Automotive | 20.42 Bn | 15.62 Bn | 119.00 Mn | 458.00 Mn |
| 7 | China Yuchai International | 16.65 Bn | 15.59 Bn | 317.01 Mn | -124.48 Mn |
| 8 | VinFast Auto | 7.51 Bn | 10.51 Bn | -15,731.99 Bn | -2,869.36 Bn |
| 9 | Digital Currency X Technology | 5.68 Bn | 5.68 Bn | - | - |
| 10 | Xpeng | - | - | 388.90 Mn | -421.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -421.43 Mn |
| Dec 31, 2025 | -405.25 Mn |
| Sep 30, 2025 | -341.18 Mn |
| Jun 30, 2025 | -307.97 Mn |
| Mar 31, 2025 | -272.95 Mn |
| Dec 31, 2024 | -279.33 Mn |
| Sep 30, 2024 | -232.71 Mn |
| Jun 30, 2024 | -201.83 Mn |
| Mar 31, 2024 | -187.04 Mn |
| Dec 31, 2023 | -184.19 Mn |
| Sep 30, 2023 | -178.98 Mn |
| Jun 30, 2023 | -188.53 Mn |
| Mar 31, 2023 | -188.69 Mn |
| Dec 31, 2022 | -172.95 Mn |
| Sep 30, 2022 | -210.66 Mn |
| Jun 30, 2022 | -188.85 Mn |
| Mar 31, 2022 | -192.65 Mn |
| Dec 31, 2021 | -227.01 Mn |
| Sep 30, 2021 | -196.21 Mn |
| Jun 30, 2021 | -133.74 Mn |